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Monday, 12 November 2018 | 21:32
Ternate Prepares Kora-kora Festival to Greet Year-end Holidays Ternate Culture and Tourism Agency head Samin Marsaoly said the
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Monday, 12 November 2018 | 21:02
Anies Baswedan Deploys Volunteers to Battle Hoaxes on Floods Jakarta Governor Anies Baswedan deployed 1,400 verified
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IDX Projects Rp9tn Daily Transaction Next Year
An employee walks in front of an electronic board at the Indonesia Stock Exchange (IDX) in Jakarta, August 22, 2016. REUTERS/Iqro Rinaldi
Wednesday, 25 October, 2017 | 21:40 WIB
IDX Projects Rp9tn Daily Transaction Next Year

TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) pegs next year`s average daily transaction value at Rp9 trillion. The figure represents an increase compared to the target set in the bourse's annual work and budget plan for 2017, which was Rp7.75 trillion.

IDX president director Tito Sulistio said the target was set based on optimism of Indonesia's economic growth and better exposure to the national market following the investment grade rating from Standard and Poor’s (S&P).

The IDX also projects an increase in the number of new investors and IPOs, as well as optimizing of exchange products including the LQ45 Futures and the Indonesia Government Bond Futures.

Meanwhile, the rupiah is predicted to trade for around Rp13,400 per US dollar next year, with influences coming from increasing capital investments by local and foreign investors. 


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